Virtus Stone Harbor Emerging Markets High Yield Bond ETF
The Fund seeks current income and, secondarily, capital appreciation, actively allocating opportunistically across a diversified portfolio of emerging market high yield debt securities, both sovereign and corporate.
Stone Harbor is a global credit specialist with expertise in emerging and developed markets debt, with three decades of informed experience allocating risk in complex areas of the fixed income markets. We manage credit portfolios for clients globally.
Stone Harbor Investment Partners is a division of Virtus Fixed Income Advisers, LLC ("VFIA"), an SEC registered investment adviser.
Co-Chief Investment Officer, Head of Emerging Markets
Industry start date: 1988
Start date as fund Portfolio Manager: 2022
Portfolio Manager, Emerging Markets Corporate Debt
Industry start date: 2002
Start date as fund Portfolio Manager: 2022
Portfolio Manager, Emerging Markets Debt, Global Sovereign, and Asset Allocation
Industry start date: 1992
Start date as fund Portfolio Manager: 2022
Portfolio Manager, Emerging Markets Corporate Debt
Industry start date: 1997
Start date as fund Portfolio Manager: 2022
Offers exposure to the higher growth and diversified economic cycles Emerging Markets provide while focusing on the highest yielding sovereign and corporate debt sectors denominated in US dollars.
Intensive fundamental credit research within a top-down country macro analysis framework, along with a proprietary risk analytics platform that enables continuous monitoring of real-time portfolio risk in reaction to changing market conditions, underpins Stone Harbor's investment process.
Stone Harbor's demonstrated ability in managing emerging markets debt is rooted in teamwork with a 30-year history, a disciplined research and investment process, and the experience to make sound investment decisions.
| Security | |
|---|---|
| FED REPUBLIC OF BRAZIL 6.000 10/20/2033 | |
| REPUBLIC OF NIGERIA 6.125 09/28/2028 | |
| OMAN GOV INTERNTL BOND 7.375 10/28/2032 | |
| KOSMOS ENERGY LTD 7.125 04/04/2026 | |
| NETWORK I2I LTD 5.650 12/03/2073 | |
| BANCO MERCANTIL DE NORTE 6.750 12/03/2073 | |
| SASOL FINANCING USA LLC 6.500 09/27/2028 | |
| REPUBLIC OF SOUTH AFRICA 5.875 04/20/2032 | |
| MINERVA LUXEMBOURG SA 4.375 03/18/2031 | |
| ISLAMIC REP OF PAKISTAN 6.000 04/08/2026 |
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.
The Index shown represents the Fund's performance index, which may differ from the Fund's regulatory index included in the Fund's Prospectus.
| Total Expense Ratio | 0.58 |
| 30-day SEC Yield | 10.06 |
| Distribution Rate (as of 12/01/2023) | 7.18 |
| Ex-Date | Record Date | Payable Date | Dividend Income | ST Capital Gains | LT Capital Gains | Distribution Total |
|---|---|---|---|---|---|---|
| 01/20/2023 | 01/23/2023 | 01/30/2023 | 0.253140 | 0.000000 | 0.000000 | 0.253140 |
| 02/21/2023 | 02/22/2023 | 02/27/2023 | 0.225420 | 0.000000 | 0.000000 | 0.225420 |
| 03/20/2023 | 03/21/2023 | 03/28/2023 | 0.183720 | 0.000000 | 0.000000 | 0.183720 |
| 04/20/2023 | 04/21/2023 | 04/28/2023 | 0.216800 | 0.000000 | 0.000000 | 0.216800 |
| 05/22/2023 | 05/23/2023 | 05/31/2023 | 0.224970 | 0.000000 | 0.000000 | 0.224970 |
| 06/20/2023 | 06/21/2023 | 06/28/2023 | 0.210000 | 0.000000 | 0.000000 | 0.210000 |
| 07/20/2023 | 07/21/2023 | 07/28/2023 | 0.206750 | 0.000000 | 0.000000 | 0.206750 |
| 08/21/2023 | 08/22/2023 | 08/29/2023 | 0.194000 | 0.000000 | 0.000000 | 0.194000 |
| 09/20/2023 | 09/21/2023 | 09/28/2023 | 0.185000 | 0.000000 | 0.000000 | 0.185000 |
| 10/20/2023 | 10/23/2023 | 10/30/2023 | 0.185000 | 0.000000 | 0.000000 | 0.185000 |
| 11/20/2023 | 11/21/2023 | 11/29/2023 | 0.150000 | 0.000000 | 0.000000 | 0.150000 |
| Period | Number of Days Fund has Traded at a: | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Discount | Premium | |||||||||
| Less than -2% | -1.51% to -2.00% | -1.01% to -1.50% | -0.51% to -1.00% | -0.01% to -0.50% | 0.00% to 0.50% | 0.51% to 1.00% | 1.01% to 1.50% | 1.51% to 2.00% | Greater than 2% | |
| 2022-Q4: 12/12/2022 through 12/30/2022 | 0 | 0 | 0 | 0 | 1 | 12 | 1 | 0 | 0 | 0 |
| 2023-Q1: 1/3/2023 through 3/31/2023 | 0 | 0 | 1 | 2 | 13 | 32 | 12 | 2 | 0 | 0 |
| 2023-Q2: 4/3/2023 through 6/30/2023 | 0 | 0 | 0 | 0 | 14 | 40 | 8 | 0 | 0 | 0 |
| 2023-Q3: 7/3/2023 through 9/29/2023 | 0 | 0 | 0 | 0 | 13 | 42 | 8 | 0 | 0 | 0 |
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| Investment Case: Virtus Stone Harbor Emerging Markets High Yield Bond ETF |
Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. Contact us at 1-888-383-0553 or visit www.virtus.com for a copy of the Fund's prospectus. Read the prospectus carefully before you invest or send money.
The Fund is an actively managed exchange-traded fund (“ETF”) and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.
Closing Price: The Closing Price is the price of the last reported trade on the fund's primary exchange. If there has been no reported trade for a particular date, the Closing Price represents the 4PM Bid/Offer Midpoint.
4PM Bid/Offer Midpoint: The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00pm Eastern Time).
Premium/Discount: The amount the Fund is trading above or below the reported NAV (based on 4PM Bid/Offer Midpoint).
The Fund is an exchange-traded fund (“ETF”). The “net asset value” (NAV) of the Fund is determined at the close of each business day, and represents the dollar value of one share of the Fund; it is calculated by taking the total assets of the Fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV of the Fund is not necessarily the same as its intraday trading value. Fund investors should not expect to buy or sell shares at NAV because shares of ETFs such as the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Thus, shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV, and include the reinvestment of all dividends and other distributions (reinvested at the Fund's NAV on distribution ex-date). Market price returns are calculated using the 4:00 pm midpoint between the bid and offer, and include the reinvestment of all dividends and other distributions (reinvested at the 4:00pm bid/offer midpoint on distribution ex-date). Market price returns do not represent the return you would receive if you traded at other times.
1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is the annual rate that an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the Fund and does not represent total return of the Fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.
2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain
Returns for periods of less than one year are cumulative total returns.
Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.
